Cash flow Kenvue Inc.

Equities

KVUE

US49177J1025

Personal Products

Market Closed - Nyse Other stock markets 21:00:02 15/05/2026 BST			5-day change	1st Jan Change
17.11 ^USD	-0.47%		-2.73%	-0.81%

05-15	Third Point reports share stake in Meta, dissolves in Alibaba, Microsoft	RE
05-15	Soros Fund Management cuts share stake in Amazon, Tesla, raises in Apple	RE

6ff0507b18e30a05a0c4daa95a28723.XmhpZki7eILtWBBrPHQYQrlhepl3Y9g4dW_-vGZNnKk.aBo9CgzpJ7WfbCIeCkxrM88jA8lAMJ5LPxeh2ggdw94ELBgxHfhV5qAbWQ

Published financial data: KENVUE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	15.05B	14.95B	15.44B	15.46B	15.12B
Total Revenues	15.05B	14.95B	15.44B	15.46B	15.12B
Cost of Goods Sold, Total	6.59B	6.61B	6.8B	6.47B	6.3B
Gross Profit	8.47B	8.34B	8.64B	8.99B	8.83B
Selling General & Admin Expenses, Total	5.42B	5.38B	5.68B	6.32B	6.05B
Other Operating Expenses	-78M	-28M	18M	16M	-11M
Other Operating Expenses, Total	5.34B	5.35B	5.7B	6.33B	6.04B
Operating Income	3.13B	2.99B	2.94B	2.65B	2.78B
Interest Expense, Total	-	-	-358M	-431M	-430M
Interest And Investment Income	-	-	108M	53M	51M
Net Interest Expenses	-	-	-250M	-378M	-379M
Currency Exchange Gains (Loss)	-20M	-42M	-58M	-1M	-46M
Other Non Operating Income (Expenses)	25M	11M	-5M	7M	18M
EBT, Excl. Unusual Items	3.13B	2.96B	2.63B	2.28B	2.38B
Restructuring Charges	-117M	-100M	-	-227M	-343M
Merger & Related Restructuring Charges	-	-	-	-	-25M
Gain (Loss) On Sale Of Investments	-	-	-	-72M	-
Gain (Loss) On Sale Of Assets	-	-	9M	-6M	17M
Asset Writedown	-	-12M	-	-578M	-23M
Legal Settlements	-92M	7M	-26M	-4M	-5M
Other Unusual Items	-	-213M	-423M	21M	-
EBT, Incl. Unusual Items	2.92B	2.64B	2.19B	1.42B	2B
Income Tax Expense	894M	550M	526M	385M	529M
Earnings From Continuing Operations	2.03B	2.09B	1.66B	1.03B	1.47B
Net Income to Company	2.03B	2.09B	1.66B	1.03B	1.47B
Net Income - (IS)	2.03B	2.09B	1.66B	1.03B	1.47B
Net Income to Common Incl Extra Items	2.03B	2.09B	1.66B	1.03B	1.47B
Net Income to Common Excl. Extra Items	2.03B	2.09B	1.66B	1.03B	1.47B
Per Share Items
Net EPS - Basic	-	-	0.9	0.54	0.77
Basic EPS - Continuing Operations	-	-	0.9	0.54	0.77
Basic Weighted Average Shares Outstanding	-	-	1.85B	1.92B	1.92B
Net EPS - Diluted	-	-	0.9	0.54	0.76
Diluted EPS - Continuing Operations	-	-	0.9	0.54	0.76
Diluted Weighted Average Shares Outstanding	-	-	1.85B	1.92B	1.92B
Normalized Basic EPS	-	-	0.89	0.74	0.78
Normalized Diluted EPS	-	-	0.89	0.74	0.77
Dividend Per Share	-	-	0.4	0.81	0.82
Payout Ratio	-	-	874.64	150.68	107.55
Supplemental Items
EBITDA	3.86B	3.63B	3.57B	3.28B	3.24B
EBITA	3.54B	3.33B	3.26B	2.92B	3.04B
EBIT	3.13B	2.99B	2.94B	2.65B	2.78B
EBITDAR	4.04B	3.78B	3.62B	3.32B	3.29B
Effective Tax Rate - (Ratio)	30.56	20.86	24.02	27.21	26.46
Current Domestic Taxes	8M	75M	266M	287M	201M
Current Foreign Taxes	318M	318M	374M	383M	436M
Total Current Taxes	326M	393M	640M	670M	637M
Deferred Domestic Taxes	627M	205M	-39M	-178M	-90M
Deferred Foreign Taxes	-59M	-48M	-75M	-107M	-18M
Total Deferred Taxes	568M	157M	-114M	-285M	-108M
Normalized Net Income	1.96B	1.85B	1.64B	1.43B	1.49B
Interest on Long-Term Debt	-	-	338M	-	-
Non-Cash Pension Expense	-	7M	9M	3M	8M
Supplemental Operating Expense Items
Advertising Expense	1.38B	1.36B	1.35B	1.64B	1.84B
Selling and Marketing Expenses	1.38B	1.36B	1.35B	1.64B	1.84B
Research And Development Expense From Footnotes	355M	375M	399M	408M	382M
Net Rental Expense, Total	180M	152M	48M	48M	50M
Imputed Operating Lease Interest Expense	-	-	32.18M	19.31M	19.78M
Imputed Operating Lease Depreciation	-	-	15.82M	28.69M	30.22M
Stock-Based Comp., COGS (Total)	-	30M	67M	100M	26M
Stock-Based Comp., SG&A Exp. (Total)	-	107M	121M	154M	110M
Stock-Based Comp., Other (Total)	141M	-	-	-	-
Total Stock-Based Compensation	141M	137M	188M	254M	136M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	740M	1.23B	1.38B	1.07B	1.06B
Total Cash And Short Term Investments	740M	1.23B	1.38B	1.07B	1.06B
Accounts Receivable, Total	2.07B	2.12B	2.07B	2.16B	2.38B
Total Receivables	2.07B	2.12B	2.07B	2.16B	2.38B
Inventory	1.7B	2.23B	1.85B	1.59B	1.67B
Prepaid Expenses	257M	161M	549M	442M	410M
Other Current Assets, Total	154M	137M	283M	257M	177M
Total Current Assets	4.93B	5.88B	6.14B	5.52B	5.7B
Gross Property Plant And Equipment	4.47B	5.7B	6.38B	4.66B	5.38B
Accumulated Depreciation	-3.94B	-3.88B	-4.2B	-2.7B	-3.02B
Net Property Plant And Equipment	524M	1.82B	2.18B	1.96B	2.36B
Long-term Investments	-	66M	71M	-	-
Goodwill	9.81B	9.18B	9.27B	8.84B	9.51B
Other Intangibles, Total	12B	9.85B	9.62B	8.47B	8.69B
Deferred Tax Assets Long-Term	189M	147M	158M	184M	237M
Other Long-Term Assets, Total	475M	368M	413M	615M	576M
Total Assets	27.93B	27.32B	27.85B	25.6B	27.08B
Liabilities
Accounts Payable, Total	1.83B	1.83B	2.49B	2.25B	2.47B
Accrued Expenses, Total	1.81B	1.73B	2.21B	1.74B	1.85B
Short-term Borrowings	-	-	599M	802M	703M
Current Portion of Long-Term Debt	-	-	-	748M	748M
Current Portion of Leases	49M	35M	44M	38M	45M
Current Income Taxes Payable	357M	329M	142M	74M	105M
Other Current Liabilities	-	-	-	82M	22M
Total Current Liabilities	4.04B	3.93B	5.48B	5.74B	5.94B
Long-Term Debt	-	-	7.69B	6.94B	6.94B
Long-Term Leases	80M	81M	97M	195M	240M
Pension & Other Post Retirement Benefits	302M	214M	360M	342M	340M
Deferred Tax Liability Non Current	2.43B	2.43B	2.62B	2.26B	2.35B
Other Non Current Liabilities	676M	646M	394M	460M	494M
Total Liabilities	7.53B	7.3B	16.64B	15.93B	16.31B
Common Stock, Total	24.87B	25.47B	19M	19M	19M
Additional Paid In Capital	-	-	16.15B	16.13B	16.35B
Retained Earnings	-	-	429M	-93M	-204M
Treasury Stock	-	-	-7M	-242M	-439M
Comprehensive Income and Other	-4.47B	-5.45B	-5.38B	-6.15B	-4.96B
Total Common Equity	20.4B	20.02B	11.21B	9.67B	10.76B
Total Equity	20.4B	20.02B	11.21B	9.67B	10.76B
Total Liabilities And Equity	27.93B	27.32B	27.85B	25.6B	27.08B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	1.91B	1.91B	1.92B
ECS Total Common Shares Outstanding	-	-	1.92B	1.91B	1.92B
Book Value / Share	-	-	5.85	5.05	5.62
Tangible Book Value	-1.42B	983M	-7.68B	-7.65B	-7.44B
Tangible Book Value Per Share	-	-	-4.01	-4	-3.88
Total Debt	129M	116M	8.43B	8.72B	8.67B
Net Debt	-611M	-1.12B	7.04B	7.65B	7.61B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	216M	294M	260M	260M
Debt Equivalent Oper. Leases	1.44B	1.22B	384M	384M	400M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	264M	351M	304M	274M	275M
Inventories - Work In Process, Total	99M	123M	115M	101M	103M
Inventories - Finished Goods, Total	1.34B	1.75B	1.43B	1.22B	1.29B
Land - (BS)	79M	75M	76M	57M	60M
Buildings, Total	1.74B	1.71B	1.75B	1.6B	1.85B
Machinery, Total	2.42B	2.28B	2.45B	2.25B	2.5B
Full Time Employees	20K	22.2K	21.78K	21.78K	21.78K
Part Time Employees	-	-	220	220	220
Accumulated Allowance for Doubtful Accounts (Supple)	32M	35M	25M	26M	26M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	2.03B	2.09B	1.66B	1.03B	1.47B
Depreciation & Amortization - CF	317M	296M	305M	353M	201M
Amortization of Goodwill and Intangible Assets - (CF)	414M	348M	322M	269M	257M
Depreciation & Amortization, Total	731M	644M	627M	622M	458M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	99M
(Gain) Loss From Sale Of Asset	-	4M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	72M	-
Asset Writedown & Restructuring Costs	-9M	-	-	578M	23M
Stock-Based Compensation (CF)	141M	137M	188M	254M	136M
Provision and Write-off of Bad Debts	4M	9M	-	-	-
Other Operating Activities, Total	568M	157M	-108M	-216M	-41M
Change In Accounts Receivable	-303M	-142M	44M	-218M	-112M
Change In Inventories	-77M	-582M	349M	182M	-12M
Change In Accounts Payable	330M	52M	390M	-536M	41M
Change In Income Taxes	-19M	-5M	-331M	-61M	-27M
Change in Other Net Operating Assets	-3.06B	164M	345M	62M	162M
Cash from Operations	334M	2.52B	3.17B	1.77B	2.2B
Capital Expenditure	-295M	-393M	-469M	-440M	-475M
Sale of Property, Plant, and Equipment	59M	-	21M	-	24M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	65M	3M	-	-	-
Other Investing Activities, Total	-	-	-40M	15M	15M
Cash from Investing	-171M	-390M	-488M	-425M	-436M
Short Term Debt Issued, Total	-	-	574M	159M	-
Long-Term Debt Issued, Total	-	14M	7.69B	-	746M
Total Debt Issued	-	14M	8.26B	159M	746M
Short Term Debt Repaid, Total	-	-	-14M	-	-146M
Long-Term Debt Repaid, Total	-7M	-	-	-	-750M
Total Debt Repaid	-7M	-	-14M	-	-896M
Issuance of Common Stock	-	-	4.24B	-	-
Repurchase of Common Stock	-	-	-	-235M	-197M
Common Dividends Paid	-	-	-14.55B	-1.55B	-1.58B
Common & Preferred Stock Dividends Paid	-	-	-14.55B	-1.55B	-1.58B
Other Financing Activities, Total	7M	-1.6B	-460M	63M	91M
Cash from Financing	0	-1.58B	-2.53B	-1.56B	-1.84B
Foreign Exchange Rate Adjustments	-41M	-61M	-2M	-91M	68M
Net Change in Cash	122M	491M	151M	-312M	-8M
Supplemental Items
Cash Interest Paid	-	-	224M	439M	440M
Cash Income Tax Paid (Refund)	363M	316M	699M	810M	595M
Levered Free Cash Flow	-1.18B	1.69B	2.8B	1.44B	1.81B
Unlevered Free Cash Flow	-1.18B	1.69B	3.02B	1.71B	2.08B
Change In Net Working Capital	3.71B	563M	-837M	386M	-118M
Net Debt Issued / Repaid	-7M	14M	8.25B	159M	-150M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.85	6.76	6.67	6.2	6.61
Return on Total Capital	10.02	9.18	9.26	8.72	9.2
Return On Equity %	10.48	10.33	10.67	9.87	14.39
Return on Common Equity	10.48	10.33	10.67	9.87	14.39
Margin Analysis
Gross Profit Margin %	56.24	55.79	55.96	58.14	58.37
SG&A Margin	35.98	36	36.79	40.87	40.03
EBITDA Margin %	25.64	24.28	23.12	21.19	21.44
EBITA Margin %	23.54	22.3	21.14	18.91	20.11
EBIT Margin %	20.79	19.97	19.06	17.17	18.41
Income From Continuing Operations Margin %	13.49	13.96	10.77	6.66	9.72
Net Income Margin %	13.49	13.96	10.77	6.66	9.72
Net Avail. For Common Margin %	13.49	13.96	10.77	6.66	9.72
Normalized Net Income Margin	13.01	12.35	10.64	9.22	9.83
Levered Free Cash Flow Margin	-7.83	11.31	18.12	9.31	11.95
Unlevered Free Cash Flow Margin	-7.83	11.31	19.57	11.05	13.73
Asset Turnover
Asset Turnover	0.53	0.54	0.56	0.58	0.57
Fixed Assets Turnover	25.22	8.2	7.51	7.46	7
Receivables Turnover (Average Receivables)	7.66	7.13	7.36	7.29	6.65
Inventory Turnover (Average Inventory)	3.89	3.37	3.34	3.76	3.87
Short Term Liquidity
Current Ratio	1.22	1.5	1.12	0.96	0.96
Quick Ratio	0.7	0.85	0.63	0.56	0.58
Operating Cash Flow to Current Liabilities	0.08	0.64	0.58	0.31	0.37
Days Sales Outstanding (Average Receivables)	47.54	51.08	49.44	49.91	54.72
Days Outstanding Inventory (Average Inventory)	93.58	108.15	109.1	96.84	94.15
Average Days Payable Outstanding	93.87	93.27	122.3	139.03	135.04
Cash Conversion Cycle (Average Days)	47.25	65.96	36.24	7.72	13.83
Long Term Solvency
Total Debt/Equity	0.63	0.58	75.17	90.18	80.58
Total Debt / Total Capital	0.63	0.58	42.91	47.42	44.62
LT Debt/Equity	0.39	0.4	69.43	73.76	66.68
Long-Term Debt / Total Capital	0.39	0.4	39.64	38.78	36.93
Total Liabilities / Total Assets	26.96	26.71	59.75	62.24	60.24
EBIT / Interest Expense	-	-	8.22	6.16	6.48
EBITDA / Interest Expense	-	-	10.11	7.71	7.66
(EBITDA - Capex) / Interest Expense	-	-	8.8	6.69	6.55
Total Debt / EBITDA	0.03	0.03	2.33	2.62	2.63
Net Debt / EBITDA	-0.15	-0.29	1.95	2.3	2.31
Total Debt / (EBITDA - Capex)	0.03	0.03	2.68	3.02	3.08
Net Debt / (EBITDA - Capex)	-0.16	-0.33	2.24	2.65	2.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.06	-0.69	3.3	0.07	-2.14
Gross Profit, 1 Yr. Growth %	7.42	-1.5	3.63	3.97	-1.76
EBITDA, 1 Yr. Growth %	1.58	-5.74	-1.87	5.24	3.81
EBITA, 1 Yr. Growth %	2.13	-5.66	-2.3	4.1	4.32
EBIT, 1 Yr. Growth %	2.46	-4.29	-1.7	6.76	5.21
Earnings From Cont. Operations, 1 Yr. Growth %	-331.06	2.76	-19.38	-38.1	42.72
Net Income, 1 Yr. Growth %	-331.06	2.76	-19.38	-38.1	42.72
Normalized Net Income, 1 Yr. Growth %	3.88	-5.71	-11.24	4.68	4.53
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-25	-40.24	41.3
Accounts Receivable, 1 Yr. Growth %	11.63	2.31	-2.31	4.44	10.02
Inventory, 1 Yr. Growth %	1.01	30.79	-16.85	-14.05	4.71
Net Property, Plant and Equip., 1 Yr. Growth %	-21.79	-0.38	13.01	-10.13	20.56
Total Assets, 1 Yr. Growth %	-4.28	-2.19	1.96	-8.08	5.76
Tangible Book Value, 1 Yr. Growth %	-70.93	-977.68	-923.93	-0.39	-2.76
Common Equity, 1 Yr. Growth %	11.13	-1.85	-43.86	-13.76	11.35
Cash From Operations, 1 Yr. Growth %	-90.17	655.99	25.47	-44.16	24.19
Capital Expenditures, 1 Yr. Growth %	28.82	33.22	25.07	-6.18	7.95
Levered Free Cash Flow, 1 Yr. Growth %	-	-243.08	63.26	-42.73	25.98
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-243.08	76.31	-37.57	21.84
Dividend Per Share, 1 Yr. Growth %	-	-	-	102.5	1.85
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.52	1.66	1.29	1.67	-1.04
Gross Profit, 2 Yr. CAGR %	4.92	2.86	1.03	4.14	1.06
EBITDA, 2 Yr. CAGR %	8.47	-2.16	-4	-0.75	1.94
EBITA, 2 Yr. CAGR %	10.23	-1.85	-4.19	-1.78	3.94
EBIT, 2 Yr. CAGR %	10.3	-0.99	-3.23	-0.52	5.67
Earnings From Cont. Operations, 2 Yr. CAGR %	18.97	54.09	-10.51	-29.36	-6.01
Net Income, 2 Yr. CAGR %	18.97	54.09	-10.51	-29.36	-6.01
Normalized Net Income, 2 Yr. CAGR %	10.41	-1.03	-8.71	-7.21	4.25
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-13.76	-33.05	-8.11
Accounts Receivable, 2 Yr. CAGR %	-	6.87	-0.02	1.01	7.19
Inventory, 2 Yr. CAGR %	-	14.94	4.29	-15.46	-5.13
Net Property, Plant and Equip., 2 Yr. CAGR %	-	64.82	9.26	0.77	4.09
Total Assets, 2 Yr. CAGR %	-	-3.24	-0.14	-3.19	-1.4
Tangible Book Value, 2 Yr. CAGR %	-	-55.06	728.02	186.48	-1.58
Common Equity, 2 Yr. CAGR %	-	4.44	-25.87	-30.42	-2.01
Cash From Operations, 2 Yr. CAGR %	-66.62	-13.78	207.98	-16.3	-16.72
Capital Expenditures, 2 Yr. CAGR %	1.03	31	26.09	8.32	0.64
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	54.82	-2.67	-15.27
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	60.89	6.06	-12.97
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	43.61
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	1.44	2.2	0.88	0.39
Gross Profit, 3 Yr. CAGR %	-	2.74	3.12	2	2.14
EBITDA, 3 Yr. CAGR %	-	3.43	-1.99	-5.45	-0.83
EBITA, 3 Yr. CAGR %	-	4.57	-1.92	-6.34	0.14
EBIT, 3 Yr. CAGR %	-	5.1	-1.14	-5.49	1.28
Earnings From Cont. Operations, 3 Yr. CAGR %	-	13.3	23.71	-20.86	-10.7
Net Income, 3 Yr. CAGR %	-	13.3	23.71	-20.86	-10.7
Normalized Net Income, 3 Yr. CAGR %	-	4.75	-4.47	-10.26	-3.53
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-23.68	-14.12
Accounts Receivable, 3 Yr. CAGR %	-	-	3.72	1.44	3.93
Inventory, 3 Yr. CAGR %	-	-	3.18	-2.22	-9.21
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	48.2	2.37	6.98
Total Assets, 3 Yr. CAGR %	-	-	-1.54	-2.86	-0.29
Tangible Book Value, 3 Yr. CAGR %	-	-	16.42	308.75	99.84
Common Equity, 3 Yr. CAGR %	-	-	-15.16	-22.03	-18.61
Cash From Operations, 3 Yr. CAGR %	-	-5.56	-2.3	74.31	-4.53
Capital Expenditures, 3 Yr. CAGR %	-	10.79	26.99	14.26	8.2
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	7.21	5.98
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	13.52	10.99
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	1.53	0.89
Gross Profit, 5 Yr. CAGR %	-	-	-	3.16	2.29
EBITDA, 5 Yr. CAGR %	-	-	-	-0.04	-3.08
EBITA, 5 Yr. CAGR %	-	-	-	0.04	-2.55
EBIT, 5 Yr. CAGR %	-	-	-	0.62	-1.78
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-6.42	10.83
Net Income, 5 Yr. CAGR %	-	-	-	-6.42	10.83
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-2.37	-4.65
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	5.09
Inventory, 5 Yr. CAGR %	-	-	-	-	-0.23
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	28.67
Total Assets, 5 Yr. CAGR %	-	-	-	-	-1.48
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	8.85
Common Equity, 5 Yr. CAGR %	-	-	-	-	-10.12
Cash From Operations, 5 Yr. CAGR %	-	-	-	-10.01	-8.35
Capital Expenditures, 5 Yr. CAGR %	-	-	-	8.77	15.71